Are Guelph home prices going to drop by 18%?

If you’re following the headlines related to real estate, you’ve likely about the news release issued by the Canadian Mortgage and Housing Corporation (CMHC) regarding their forecasts for Canadian real estate. CHMC, Canada’s largest provider of mortgage insurance in Canada, estimates an incredible 9-18% decrease in the average home values across the country by 2021. 

COVID-19 and Guelph’s real estate market. Where do buyers and sellers stand?

Within two weeks, the world has changed dramatically. We’re now in the face of massive closures and shutdowns, cancelled sports seasons, stock market declines and fistfights in the aisles of Costco over toilet paper. COVID-19, or the Coronavirus, has impacted everyone internationally in one way or another. But does the trickle-down of this global virus

Guelph is in the face of an extreme seller’s market: Here’s what you should know

Bidding wars. Buyers are frustrated. Sellers cashing in. These echo the sentiments of the Guelph real estate news headlines in 2017. So far in 2020, we’re almost on an identical path.  Sellers, you may want to keep reading. In January 2017, the months of inventory (MOI) was bouncing around the one-month level. This means, that at

2020 VISION | Issue 186 Guelph Weekly Sales Report

Guelph bucked the national trend in 2019.  Prices and sales across the country were expected to show modest gains and recovery over 2018, and while that was true for the country as a whole, Guelph exceeded expectations and continues to lead most markets in terms of sales and price growth.  Last year we indicated that